User Account

All Pages

What is best estimate of the company net operating income

Assignment Help Accounting Basics
Reference no: EM131785508

Question - Scobie Corporation's fixed monthly expenses are $16,000 and its contribution margin ratio is 57%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $69,000?

$39,330

$23,330

$13,670

$53,000

Reference no: EM131785508

Questions Cloud

Budgeted level of sales it margin of safety : If Griffith corporation is able to to achieve the budgeted level of sales it's margin of safety in dollars would be?
What amount should be allocated to the warrants : The market price of the Vernon bonds without the warrants was $180,000, and the market price of the warrants without the bonds was $20,000.
Activity-based costing is only useful for manufacturing : Assess this statement: "Activity-based costing is only useful for manufacturing companies". Do you agree or disagree, why?
Competing on differentiation-competing on low cost : Firms can achieve overall, organization-wide competitive advantage through the following strategies: • Competing on Differentiation • Competing on Low Cost
What is best estimate of the company net operating income : Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $69,000
Find an example of public service announcement : What is mental accounting and how does it impact consumer decision making? Find an example of public service announcement (PSA)
Calculate the break-even point in units : 1. Calculate the break-even point in units 2. What will the new break-even points be if fixed costs increase by 10%?
Calculate the balance of retained earnings : Calculate the net income. Calculate the balance of Retained Earnings that would appear on a Balance Sheet at December 31, 2012.
Calculate the amount to be debited or credited : Calculate the amount to be debited or credited for depreciation expense to be shown in the preparation of the 2009 consolidated income statements

Reviews

Write a Review

Accounting Basics Questions & Answers

  Tim snyder and jay wise have decided to form a partnership

tim snyder and jay wise have decided to form a partnership. they have agreed that snyder is to invest 30000 and that

  A bond that has 1000 par value face value0 and a contract

a bond that has 1000 par value face value0 and a contract or coupon interest rate of 10.2 percent. the bonds have a

  A box without a lid is constructed from a 36 inch by 36

a box without a lid is constructed from a 36 inch by 36 inch piece of cardboard by cutting x in. squares from each

  Compare and contrast typical accounting information systems

1. compare and contrast typical accounting information systems in a small under 2 million sales 10 employees company

  Calculate total taxable revenue for employee

Calculate total taxable revenue for  employee

  On may 1 2010 newby corp issued 600000 9 5-year bonds at

on may 1 2010 newby corp. issued 600000 9 5-year bonds at face value. the bonds were dated may 1 2010 and pay interest

  Determine the proceeds of the note

Determine the proceeds of the note, assuming the note carries an interest rate of 9%

  Read the management discussion and analysis

Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.

  Determine the flexible budget variances

Use the standard price and cost data provided above. Determine the flexible budget variances. Classify the variances as (F)avorable or (U)nfavorable

  Raphael corporations common stock is currently selling

Raphael Corporations common stock is currently selling on a stock exchange at $ 85 per share, and its current balance sheet shows the following stockholders equity section:

  Discuss recommendations you would make to chief financial

Discuss recommendations you would make to chief financial officers (CFOs) of retailers, service providers, and other businesses that lease several locations or have substantial leases of real estate or other assets. Indicate the pros and cons of each..

  Basic building block for designing and organizing jobs

Organizational Design. More than ever, groups and teams are responsible for executing tasks in the workplace. Take a position on the following statement: All organizations should use the group structure as the basic building block for designing an..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd